Submitted by eastbayted t3_yfdah3 in news
mtarascio t1_iu34i2j wrote
Reply to comment by eastbayted in Facebook parent is fined $25M for violating campaign finance disclosure law : NPR by eastbayted
This is literally cost of doing business.
They are probably pleased at the low amount.
The US is stupid in how it regulates through litigation rather than ombudsman enforcement.
eastbayted OP t1_iu36bck wrote
You're right, the amount is relatively trivial.
But I was thinking in the context of the news that Meta's stock is plunging.
jokekiller94 t1_iu59549 wrote
True but they also made $4.4 billion net so they can afford the $25 million fine.
arbivark t1_iubpqt5 wrote
facebook can afford this. but the rest of us can't. this chills speech, and chilled speech ruins elections. i suspect facebook is right that this is unconstitutional.
i was able to get this story posted at electionlawblog.org, so the country's election law experts will see it, so thanks OP for posting it.
jschubart t1_iu4nbo1 wrote
This is just for Washington state. Other states need to take our lead and make similar laws about campaign financing transparency.
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